Age of householder
Per the latest American Community Survey by the Census Bureau, Williams charter township sees its highest median household income among householders in the age group of 25 to 44 years old, at $95,105. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Williams charter township, where there exist only two delineated age groups, the median household income is $95,105 for householders within the 25 to 44 years age group, compared to $40,999 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $10,669(20.65%), declining from a median of $51,668 in 2011 to $40,999 in 2021.
- 0 households where the householder is under 25 years old.
- 769(38.26%) households with a householder aged between 25 and 44 years.
- 760(37.81%) households with a householder aged between 45 and 64 years.
- 481(23.93%) households where the householder is over 65 years old.
Read more about Williams charter Township, Michigan median household income by age ➔
Gender
In Williams charter township, the population consists of 2,488 males (49.55%) and 2,533 females (50.45%). Here are the primary highlights from the gender-based income distribution analysis:
- In Williams charter township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,641 for males and $34,304 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $72,310 for males and $43,968 for females.
- In Williams charter township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,641 for males and $34,304 for females.
- In Williams charter township, among full-time, year-round workers aged 15 years and older, males earned a median income of $72,310, while females earned $43,968, leading to a 39% gender pay gap among full-time workers. This illustrates that women earn 61 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
Read more about Williams charter Township, Michigan income by gender ➔
Race
In Williams charter township, the population is predominantly White, constituting 95.56% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $62,970.
- In Williams charter township, White is both the largest group and the one with the highest median household income, which stands at $62,970.
- In Williams charter township, the median household income for the households where the householder is White decreased by $16,520(20.78%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,490 in 2011 and $62,970 in 2021.
- As per the U.S. Census Bureau population data, in Williams charter township, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
Read more about Williams charter Township, Michigan median household income by race ➔
Year by year
Williams charter Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Williams charter township decreased by $17,826 (21.86%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 9,400 (from $79,838 to $89,238). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 13,351 (from $77,071 to $63,720).
- It then further increased to $122,773 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4036, it is evident that income distribution in Williams charter Township, Michigan exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $93,697. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,174.
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